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M&A in the City: Lessons from Basslink - the coalface of credit bids for infrastructure assets

Key Points:

Australia, Banking, Corporate Finance/M&A, Insolvency & Restructuring, King & Wood Mallesons, Foreign direct investment, Foreign Investment Review Board
Spotlight on: Safe Harbour

The perception of Australia as being a relatively “risky” place to sit on a Board has generally focused on the insolvent trading prohibition in section 588G of the Corporations Act 2001 (Cth) and how it interacts with general directors’ duties.[1]

Australia, Company & Commercial, Insolvency & Restructuring, Trade & Customs, King & Wood Mallesons, Board of directors
Safe Harbour - impact on directors' decision making

Overview

The perception of Australia as a relatively “risky” place to sit on a board, arises in no small part from the insolvent trading prohibition in section 588G of the Corporations Act 2001 (Cth) and how it interacts with general directors’ duties.[1]

Australia, Company & Commercial, Insolvency & Restructuring, King & Wood Mallesons, Corporations Act 2001 (Australia)
Ontario Court of Appeal Denies Leave to Appeal Nortel Allocation Decision

On May 3, 2016, the Court of Appeal for Ontario released its decision (Leave Decision) denying leave to appeal from Justice Newbould's allocation of the proceeds of sale of the remains of the Nortel Networks group of companies (Allocation Decision).

The main points arising from the decision are as follows:

Canada, Ontario, Insolvency & Restructuring, Litigation, Davies Ward Phillips & Vineberg LLP, Court of Appeal of England & Wales, Court of Appeal for Ontario, California courts of appeal, Court of Appeal of Singapore